We Can Only Afford One, So Choose Wisely: Social Security/Medicare, Cartel Cronyism
or Inflation (a.k.a. Central Banking)

It's easy to quantify the annual cost of Social Security/Medicare, and not so
easy to calculate the cost of Cartel Cronyism and Central Bank-created inflation.
Cartel cronyism is a hidden tax on the entire economy, as is Central Bank-created
inflation.

That makes it easy for the financial-political Oligarchy to continue their skimming
operations, because nobody says Cartel Cronyism cost us $1 trillion last year,
and central bank skimming (inflation) cost us another $1 trillion.

The stark reality is there are limits on what we as a nation can afford in the
long term. Borrowing trillions of dollars annually at low rates of interest creates
a magical-thinking illusion that we can just tack on another $10 trillion, or what the
hay, make it $100 trillion, and get away with it, because we've gotten away with it so
far.

This leaves us an equally stark choice: we can only afford one of these three
crushing costs:

Correspondent J.I. (M.D.) recently sent me an example of cartel cronyism in the Big Pharma
sector:

A lot of people don't know that if a Big Pharma company makes a pill with a new dose,
or new method of administration of an old, generic drug - in the eyes of the FDA it
becomes a new, on-patent drug, which no other Big Pharma company can copy, thus setting
the stage for making billions with minimal R&D costs.

Naloxone was invented in 1961, and was in standard use when I started my medical training
in 1974. It is a terrific drug - within 60 seconds it completely reverses the effects
of narcotics, making it a life-saver for folks who've overdosed. I have used it many
times with great success. So far, so good. Per goodrx.com, I can buy two pre-loaded
syringes of naloxone for $34.12 today. There is virtually zero learning curve - it
works if injected under the skin, in a muscle, or in a vein. For an untrained person
facing an overdose patient, you can just stab the needle up to the hilt into a buttock
or shoulder, and push the plunger - it's that easy. If it's truly life or death, you
can stab it through clothes - sound hard?

Well, kaleo pharmaceuticals have repackaged it in an auto-injecting form, with a little
voice-guided thingy - somehow managed to make it a no-copay for folks with health
insurance, and you can get it in my area for - are you sitting down? - $3,844.60!
That is more than one hundred times the cost of the two pre-loaded syringes.

It MIGHT be worth it if it was really hard to use, and required an auto-injector and
voice commands - but it's easy as pie - I could teach you how to use the pre-loaded
syringe in 5 minutes. At a savings of $3,810.48."

Well, actually, no. The soaring cost of cartel cronyism is paid by all of us
when the federal government borrows money to pay the bills or insurers are nailed for
fraudulent charges, overbilling, needless tests and Big Pharma's 100-fold cost
increases.

Medicare costs are expanding at a rate that far exceeds the GDP growth of the
economy which supports Medicare spending.

There is only one end-game to this
chart: bankruptcy of the federal state and the nation.

Here's your central bank in action: credit growth has outstripped tepid
GDP growth of the real economy that has to pay interest on all that new debt.

Here's the problem with central banks seeking higher inflation: costs go up
but wages don't. So wage earners become poorer, and have to trim spending or borrow
more to get by or maintain their lifestyle.

So choose wisely, America--you can only afford one: entitlements with some
limits, cartel cronyism or central bank credit expansion/inflation.

If you're having trouble making the choice, start by asking of each option:
cui bono--to whose benefit?